Brazilian biodiesel auction sells 760.3 million liters

In Brazil, the national fuel agency ANP announced 760.3 million liters of biodiesel had been contracted at the 55^th biodiesel auction with an average price of 68.5 cents per liter. Nearly all of the fuel contracted, 99.5%, had the social fuel seal to promote feedstock production by smallholder farmers. In total, 856 million liters were offered at the auction by 34 producers. The fuel sold at the auction will supply the 8% blending mandate between July 1 and August 31.